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WB Provides $400m Loan to Support Poor Families

Source: www.export-egypt.com 3/21/2015, Location: Africa

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The World Bank agreed to provide a soft loan worth $400 million to finance the programs launched by the Ministry of Social Solidarity to support poor families.

Minister Ghada Wali said the grace period of the loan reaches five years.

Wali noted that the first phase of these programs will be carried out in six governorates with the new fiscal year.

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